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「區塊客 blockcast.it」於 2017 年 4 月正式成立,旨在廣泛整理全球區塊鏈資訊,增進全球中文閱聽眾及投資人對區塊鏈趨勢的了解。
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The new battle to reshape the financial landscape: Silicon Valley tycoons join forces to create the crypto bank 'Erebor'Author: BitpushNews The collapse of Silicon Valley Bank (SVB) in 2023 brought significant shock to the tech finance industry and left a service gap that urgently needs to be filled. Now, a new battle to reshape the financial landscape is quietly beginning. According to the latest news from the Financial Times, a new 'crypto bank' named Erebor is being prepared under the joint promotion of Joe Lonsdale, a staunch ally of President Trump and a tech billionaire, along with Palmer Luckey, the founder of Oculus VR, and Peter Thiel, co-founder of PayPal.

The new battle to reshape the financial landscape: Silicon Valley tycoons join forces to create the crypto bank 'Erebor'

Author: BitpushNews

The collapse of Silicon Valley Bank (SVB) in 2023 brought significant shock to the tech finance industry and left a service gap that urgently needs to be filled. Now, a new battle to reshape the financial landscape is quietly beginning.

According to the latest news from the Financial Times, a new 'crypto bank' named Erebor is being prepared under the joint promotion of Joe Lonsdale, a staunch ally of President Trump and a tech billionaire, along with Palmer Luckey, the founder of Oculus VR, and Peter Thiel, co-founder of PayPal.
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[The Madman's Trend Analysis] Regarding the Bitcoin trends in July and August, the madman remains optimisticThe madman says… What impact does the U.S. 'Build Back Better' bill have on the cryptocurrency market? To discuss this topic, we first need to understand the contents of the Build Back Better bill, which generally relates to economic stimulus (only relevant items listed): Reduce individual and corporate tax burdens Increase spending on defense, infrastructure, and manufacturing Government debt increases by 3.8 trillion dollars over the next decade Eliminate subsidies for renewable energy like solar (which could directly cut Tesla's annual profit in half, the reason for Musk's anger) In other words, these few items mean exchanging dollar credit for national economic growth. If economic growth can cover the high interest brought on by debt, then this system can continue to operate. America will be great again. If economic growth does not meet expectations, this bill will push the U.S. toward the abyss.

[The Madman's Trend Analysis] Regarding the Bitcoin trends in July and August, the madman remains optimistic

The madman says…

What impact does the U.S. 'Build Back Better' bill have on the cryptocurrency market? To discuss this topic, we first need to understand the contents of the Build Back Better bill, which generally relates to economic stimulus (only relevant items listed):

Reduce individual and corporate tax burdens

Increase spending on defense, infrastructure, and manufacturing

Government debt increases by 3.8 trillion dollars over the next decade

Eliminate subsidies for renewable energy like solar (which could directly cut Tesla's annual profit in half, the reason for Musk's anger)

In other words, these few items mean exchanging dollar credit for national economic growth. If economic growth can cover the high interest brought on by debt, then this system can continue to operate. America will be great again. If economic growth does not meet expectations, this bill will push the U.S. toward the abyss.
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Standard Chartered estimates that the market value of stablecoins could reach $2 trillion by 2028! JPMorgan responds: At most $500 billionAs the wave of digital assets sweeps across the globe, stablecoins are seen as a revolutionary force reshaping the digital financial system. However, JPMorgan Chase believes that by 2028, the overall market value of stablecoins is expected to reach $500 billion, which is far from the $1 trillion and $2 trillion estimates put forth by other institutions. This research report, authored by JPMorgan strategist Nikolaos Panigirtzoglou, was released on Thursday and bluntly states that the current market's imagination of the growth potential of stablecoins is "overly optimistic." The report notes that the primary demand for stablecoins currently comes from the cryptocurrency ecosystem, including trading, DeFi collateral, and the management of idle funds by cryptocurrency institutions, which accounts for about 88% of the overall demand; in contrast, the proportion of stablecoins used for general payments and remittances is only 6%.

Standard Chartered estimates that the market value of stablecoins could reach $2 trillion by 2028! JPMorgan responds: At most $500 billion

As the wave of digital assets sweeps across the globe, stablecoins are seen as a revolutionary force reshaping the digital financial system. However, JPMorgan Chase believes that by 2028, the overall market value of stablecoins is expected to reach $500 billion, which is far from the $1 trillion and $2 trillion estimates put forth by other institutions.

This research report, authored by JPMorgan strategist Nikolaos Panigirtzoglou, was released on Thursday and bluntly states that the current market's imagination of the growth potential of stablecoins is "overly optimistic."

The report notes that the primary demand for stablecoins currently comes from the cryptocurrency ecosystem, including trading, DeFi collateral, and the management of idle funds by cryptocurrency institutions, which accounts for about 88% of the overall demand; in contrast, the proportion of stablecoins used for general payments and remittances is only 6%.
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FTX ignites controversy again! Creditors from China, Russia, and other '49 countries' may not receive compensation.FTX Recovery Trust submitted a motion to the U.S. Bankruptcy Court on Wednesday, requesting authorization to implement a special distribution mechanism for 'restricted jurisdictions.' If approved by the court, creditors from 49 countries, including China and Russia, may not be able to smoothly reclaim their owed funds. According to court documents submitted on Wednesday, these 49 countries listed as 'potential restricted areas' include China, Russia, Ukraine, Pakistan, and Saudi Arabia, with the involved claims amounting to about 5% of the overall claim scale of $16 billion. Notably, Chinese creditors account for as much as 82%.

FTX ignites controversy again! Creditors from China, Russia, and other '49 countries' may not receive compensation.

FTX Recovery Trust submitted a motion to the U.S. Bankruptcy Court on Wednesday, requesting authorization to implement a special distribution mechanism for 'restricted jurisdictions.' If approved by the court, creditors from 49 countries, including China and Russia, may not be able to smoothly reclaim their owed funds.

According to court documents submitted on Wednesday, these 49 countries listed as 'potential restricted areas' include China, Russia, Ukraine, Pakistan, and Saudi Arabia, with the involved claims amounting to about 5% of the overall claim scale of $16 billion. Notably, Chinese creditors account for as much as 82%.
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Binance appoints Gillian Lynch as head of Europe and the UK to lead strategic expansion and deepen regulatory cooperation in key European marketsGlobal leading blockchain ecosystem Binance is pleased to announce the appointment of Gillian Lynch as the head of Europe and the UK. Lynch has over twenty years of leadership experience across traditional banking, fintech, and digital asset innovation. This appointment comes at a critical moment for Binance as it continues to deepen its presence in key regulatory markets in Europe, demonstrating Binance's long-term commitment to prudent regulation, user protection, and sustainable regional growth. In her new role, Lynch will be fully responsible for Binance's strategic planning, daily operations, and regulatory communications in the European and UK markets. She will focus on driving regional business growth, deepening relationships with policymakers and regulatory bodies, and ensuring Binance maintains the highest standards of compliance, transparency, and user protection.

Binance appoints Gillian Lynch as head of Europe and the UK to lead strategic expansion and deepen regulatory cooperation in key European markets

Global leading blockchain ecosystem Binance is pleased to announce the appointment of Gillian Lynch as the head of Europe and the UK. Lynch has over twenty years of leadership experience across traditional banking, fintech, and digital asset innovation.

This appointment comes at a critical moment for Binance as it continues to deepen its presence in key regulatory markets in Europe, demonstrating Binance's long-term commitment to prudent regulation, user protection, and sustainable regional growth.

In her new role, Lynch will be fully responsible for Binance's strategic planning, daily operations, and regulatory communications in the European and UK markets. She will focus on driving regional business growth, deepening relationships with policymakers and regulatory bodies, and ensuring Binance maintains the highest standards of compliance, transparency, and user protection.
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14 Years of Dormancy, Value Soars 279,000 Times! '2 Dormant Wallets' Suddenly Awaken, Transferring 20,000 BitcoinsOn-chain data shows that two ancient Bitcoin wallets, dormant for 14 years, were awakened today (4th), transferring a total of 20,000 bitcoins worth up to 2.18 billion USD, shocking the cryptocurrency community. According to Blockchain.com data, these 20,000 bitcoins can be traced back to April 3, 2011, when the address '1HqXB…gDwcK' transferred a total of 23,377.83 bitcoins to three wallets, with '12tLs…xj2me' and '1KbrS…AWJYm' each receiving 10,000 bitcoins, while the remaining 3,377.83 bitcoins were sent to a third wallet.

14 Years of Dormancy, Value Soars 279,000 Times! '2 Dormant Wallets' Suddenly Awaken, Transferring 20,000 Bitcoins

On-chain data shows that two ancient Bitcoin wallets, dormant for 14 years, were awakened today (4th), transferring a total of 20,000 bitcoins worth up to 2.18 billion USD, shocking the cryptocurrency community.

According to Blockchain.com data, these 20,000 bitcoins can be traced back to April 3, 2011, when the address '1HqXB…gDwcK' transferred a total of 23,377.83 bitcoins to three wallets, with '12tLs…xj2me' and '1KbrS…AWJYm' each receiving 10,000 bitcoins, while the remaining 3,377.83 bitcoins were sent to a third wallet.
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JD.com and Ant Group lobby the People's Bank of China to seek permission to issue an 'offshore RMB' stablecoin in Hong KongAs the global stablecoin competition heats up, Chinese e-commerce giant JD.com and Alibaba's fintech giant Ant Group are reportedly actively lobbying the People's Bank of China (PBoC) to seek authorization to issue an 'offshore RMB' stablecoin in Hong Kong to counter the growing influence of dollar stablecoins. (Reuters) cited several informed sources stating that these two companies proposed that China should allow the issuance of stablecoins linked to the offshore RMB in Hong Kong to expand the application and status of the RMB in the international payment system.

JD.com and Ant Group lobby the People's Bank of China to seek permission to issue an 'offshore RMB' stablecoin in Hong Kong

As the global stablecoin competition heats up, Chinese e-commerce giant JD.com and Alibaba's fintech giant Ant Group are reportedly actively lobbying the People's Bank of China (PBoC) to seek authorization to issue an 'offshore RMB' stablecoin in Hong Kong to counter the growing influence of dollar stablecoins.

(Reuters) cited several informed sources stating that these two companies proposed that China should allow the issuance of stablecoins linked to the offshore RMB in Hong Kong to expand the application and status of the RMB in the international payment system.
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Fake wallets rampant on Firefox! Over 40 malicious extensions lurking, targeting cryptocurrency users to steal private keysAccording to cybersecurity firm Koi Security, a large-scale credential theft operation targeting cryptocurrency investors is spreading, with over 40 malicious extensions impersonating well-known wallets listed on Firefox, specifically targeting unsuspecting users to secretly steal wallet credentials and misappropriate assets. The Koi Security report notes that these malicious extensions disguise themselves as mainstream wallets like Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, Keplr, MyMonero, Bitget, Leap, Ethereum Wallet, and Filfox, attempting to pass off as legitimate. Once users install them, the hidden malicious programs quietly collect sensitive information such as wallet private keys and seed phrases, exposing wallet assets to attackers and even collecting the victims' external IP addresses, thereby increasing the risk of irrecoverable asset loss.

Fake wallets rampant on Firefox! Over 40 malicious extensions lurking, targeting cryptocurrency users to steal private keys

According to cybersecurity firm Koi Security, a large-scale credential theft operation targeting cryptocurrency investors is spreading, with over 40 malicious extensions impersonating well-known wallets listed on Firefox, specifically targeting unsuspecting users to secretly steal wallet credentials and misappropriate assets.

The Koi Security report notes that these malicious extensions disguise themselves as mainstream wallets like Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, Keplr, MyMonero, Bitget, Leap, Ethereum Wallet, and Filfox, attempting to pass off as legitimate. Once users install them, the hidden malicious programs quietly collect sensitive information such as wallet private keys and seed phrases, exposing wallet assets to attackers and even collecting the victims' external IP addresses, thereby increasing the risk of irrecoverable asset loss.
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Deliberating on 'These 3 Major Bills'! The U.S. House of Representatives declares July 14 to 18 as 'Cryptocurrency Week'After the strong passage of the (Big and Beautiful Bill) led by Trump, the U.S. Congress is about to shift its focus to another battleground — cryptocurrency regulation. House Speaker Mike Johnson announced that the week of July 14 to 18 will be designated as 'Cryptocurrency Week', scheduling bills related to stablecoins, cryptocurrency market regulation, and prohibiting the issuance of central bank digital currency (CBDC) for deliberation, striving for swift passage and sending them to Trump for signing to establish a new order for the U.S. cryptocurrency industry. Mike Johnson, along with House Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson, issued a joint statement indicating that the House will deliberate on the following 3 major bills during 'Cryptocurrency Week':

Deliberating on 'These 3 Major Bills'! The U.S. House of Representatives declares July 14 to 18 as 'Cryptocurrency Week'

After the strong passage of the (Big and Beautiful Bill) led by Trump, the U.S. Congress is about to shift its focus to another battleground — cryptocurrency regulation. House Speaker Mike Johnson announced that the week of July 14 to 18 will be designated as 'Cryptocurrency Week', scheduling bills related to stablecoins, cryptocurrency market regulation, and prohibiting the issuance of central bank digital currency (CBDC) for deliberation, striving for swift passage and sending them to Trump for signing to establish a new order for the U.S. cryptocurrency industry.

Mike Johnson, along with House Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson, issued a joint statement indicating that the House will deliberate on the following 3 major bills during 'Cryptocurrency Week':
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Trump's (Big and Beautiful Act) is about to launch! Arthur Hayes: Bitcoin may first test $90,000Bitcoin broke the $110,000 barrier twice yesterday (the 3rd), just a stone's throw away from its historical high; however, BitMEX founder Arthur Hayes warned that the market may have to take a step back in the short term. He predicts that once the U.S. (Big and Beautiful Act) is implemented, market funding will face withdrawal risks, and Bitcoin may first test $90,000. This bill, strongly pushed by U.S. President Donald Trump, which includes $4.5 trillion in tax cuts and raises the national debt ceiling by $5 trillion, has just passed a vote in the Federal House of Representatives and is expected to be officially signed into law on July 4, U.S. Independence Day.

Trump's (Big and Beautiful Act) is about to launch! Arthur Hayes: Bitcoin may first test $90,000

Bitcoin broke the $110,000 barrier twice yesterday (the 3rd), just a stone's throw away from its historical high; however, BitMEX founder Arthur Hayes warned that the market may have to take a step back in the short term. He predicts that once the U.S. (Big and Beautiful Act) is implemented, market funding will face withdrawal risks, and Bitcoin may first test $90,000.

This bill, strongly pushed by U.S. President Donald Trump, which includes $4.5 trillion in tax cuts and raises the national debt ceiling by $5 trillion, has just passed a vote in the Federal House of Representatives and is expected to be officially signed into law on July 4, U.S. Independence Day.
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MICA Daily|The number of open short positions is rising, and Bitcoin successfully challenges $110,000Yesterday, US stock indices continued to hit new highs, and Bitcoin finally successfully challenged the $110,000 mark again. Although it is a bit regrettable that it did not follow the US stock market to hit new highs, it has at least temporarily stabilized at the $109,000 level, turning the resistance level of the past two weeks into a support point. Although the US non-farm payrolls in June exceeded expectations and the unemployment rate unexpectedly fell, which is unfavorable for the interest rate cut narrative this month, the market has basically anticipated a high chance of an interest rate cut in September, thus driving the market up. However, currently maintaining the momentum of Bitcoin's rise, in addition to the expectation of interest rate cuts in the United States, there are also reasons from the cryptocurrency market itself. Looking at Coinglass's exchange contract funding rate table, both Bitcoin and Ether are at relatively low levels, indicating that the number of open short positions on exchanges is greater than that of long positions. At the same time, the number of open contracts is also close to its annual high, so if these short positions have not yet been reduced or liquidated, there is still some upward space for the cryptocurrency market.

MICA Daily|The number of open short positions is rising, and Bitcoin successfully challenges $110,000

Yesterday, US stock indices continued to hit new highs, and Bitcoin finally successfully challenged the $110,000 mark again. Although it is a bit regrettable that it did not follow the US stock market to hit new highs, it has at least temporarily stabilized at the $109,000 level, turning the resistance level of the past two weeks into a support point. Although the US non-farm payrolls in June exceeded expectations and the unemployment rate unexpectedly fell, which is unfavorable for the interest rate cut narrative this month, the market has basically anticipated a high chance of an interest rate cut in September, thus driving the market up.

However, currently maintaining the momentum of Bitcoin's rise, in addition to the expectation of interest rate cuts in the United States, there are also reasons from the cryptocurrency market itself. Looking at Coinglass's exchange contract funding rate table, both Bitcoin and Ether are at relatively low levels, indicating that the number of open short positions on exchanges is greater than that of long positions. At the same time, the number of open contracts is also close to its annual high, so if these short positions have not yet been reduced or liquidated, there is still some upward space for the cryptocurrency market.
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Are stablecoin public chains Plasma and Stable global payment reshapers? Or are they clever marketing narratives?Author: Chilla, Analyst at Castle Labs Translated by: Tim, PANews Stablecoins are dominating the market, gradually penetrating into traditional finance and retail markets. For example, supermarkets in some South American countries have started to directly label product prices in USDT stablecoins. Their application scenarios do exist, and supporting this expansion trend may require seeking new types of infrastructure. Recently, we have seen news about stablecoin-related chains, such as Plasma and Stable. What are their projects? What are their differences? Are they indispensable?

Are stablecoin public chains Plasma and Stable global payment reshapers? Or are they clever marketing narratives?

Author: Chilla, Analyst at Castle Labs

Translated by: Tim, PANews

Stablecoins are dominating the market, gradually penetrating into traditional finance and retail markets. For example, supermarkets in some South American countries have started to directly label product prices in USDT stablecoins. Their application scenarios do exist, and supporting this expansion trend may require seeking new types of infrastructure.

Recently, we have seen news about stablecoin-related chains, such as Plasma and Stable.

What are their projects?

What are their differences?

Are they indispensable?
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Bitcoin is only 1.8% away from its historical high, the market is eagerly waiting for the 'next dose of stimulus'With bullish funds returning and favorable macroeconomic conditions driving momentum, the cryptocurrency market today (3rd) surged, with Bitcoin briefly breaking through the $110,000 mark, and Ethereum and mainstream competitive coins also rising simultaneously. Although investor sentiment has improved, analysts believe that Bitcoin still needs a dose of stimulus to create new historical highs. According to CoinGecko market data, Bitcoin reached a high of $110,117 today, and as of writing has retraced to $109,787, which is only 1.8% away from its historical high of $111,814. BTC Markets analyst Rachael Lucas pointed out that this rebound in the cryptocurrency market is mainly benefiting from the rebound in the U.S. M2 (broad money supply), reactivating market capital momentum.

Bitcoin is only 1.8% away from its historical high, the market is eagerly waiting for the 'next dose of stimulus'

With bullish funds returning and favorable macroeconomic conditions driving momentum, the cryptocurrency market today (3rd) surged, with Bitcoin briefly breaking through the $110,000 mark, and Ethereum and mainstream competitive coins also rising simultaneously. Although investor sentiment has improved, analysts believe that Bitcoin still needs a dose of stimulus to create new historical highs.

According to CoinGecko market data, Bitcoin reached a high of $110,117 today, and as of writing has retraced to $109,787, which is only 1.8% away from its historical high of $111,814.

BTC Markets analyst Rachael Lucas pointed out that this rebound in the cryptocurrency market is mainly benefiting from the rebound in the U.S. M2 (broad money supply), reactivating market capital momentum.
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Accused of exaggerating Bitcoin investment performance! Strategy faces a class action lawsuit from investorsThe well-known law firm Pomerants LLP in New York has filed a class action lawsuit against Bitcoin corporate giant Strategy (formerly MicroStrategy), accusing the company of misleading investors and making false statements when disclosing its Bitcoin investment strategy and financial information, violating federal securities laws. This lawsuit mainly represents investors who purchased Strategy stock between April 30, 2024, and April 4, 2025. The statement indicates that other eligible investors can apply to join this class action lawsuit before July 15.

Accused of exaggerating Bitcoin investment performance! Strategy faces a class action lawsuit from investors

The well-known law firm Pomerants LLP in New York has filed a class action lawsuit against Bitcoin corporate giant Strategy (formerly MicroStrategy), accusing the company of misleading investors and making false statements when disclosing its Bitcoin investment strategy and financial information, violating federal securities laws.

This lawsuit mainly represents investors who purchased Strategy stock between April 30, 2024, and April 4, 2025. The statement indicates that other eligible investors can apply to join this class action lawsuit before July 15.
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JPMorgan Kinexys collaborates with S&P Global to jointly test 'carbon credit tokenization'JPMorgan Chase announced on Tuesday that its blockchain division Kinexys is collaborating with S&P Global Commodity Insights, the carbon credit trading tracking agency EcoRegistry, and the carbon credit registration organization International Carbon Registry (ICR) to jointly test a blockchain application for 'carbon credit tokenization'. According to a statement released on Tuesday, this collaboration aims to build an ecosystem for tokenized carbon credits, attempting to break the current highly fragmented and opaque state of the carbon credit market. The so-called carbon credits are tradable emission allowances created by various carbon reduction projects such as renewable energy, afforestation, or carbon capture, allowing companies to emit greenhouse gases within certain limits. However, for many years, the carbon credit market has not only lacked unified standards, but also had fragmented trading records and verification processes, making it difficult for companies and investors to fully grasp the true value and flow of carbon assets.

JPMorgan Kinexys collaborates with S&P Global to jointly test 'carbon credit tokenization'

JPMorgan Chase announced on Tuesday that its blockchain division Kinexys is collaborating with S&P Global Commodity Insights, the carbon credit trading tracking agency EcoRegistry, and the carbon credit registration organization International Carbon Registry (ICR) to jointly test a blockchain application for 'carbon credit tokenization'.

According to a statement released on Tuesday, this collaboration aims to build an ecosystem for tokenized carbon credits, attempting to break the current highly fragmented and opaque state of the carbon credit market.

The so-called carbon credits are tradable emission allowances created by various carbon reduction projects such as renewable energy, afforestation, or carbon capture, allowing companies to emit greenhouse gases within certain limits. However, for many years, the carbon credit market has not only lacked unified standards, but also had fragmented trading records and verification processes, making it difficult for companies and investors to fully grasp the true value and flow of carbon assets.
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Robinhood's launch of 'equity tokens' sparks controversy! OpenAI: Unauthorized transfers, not real equityAI giant OpenAI issued a stern statement earlier, publicly condemning Robinhood for unilaterally launching 'OpenAI equity tokens' and emphasizing that the related tokens have no connection to OpenAI. OpenAI stated on social platform X earlier today: 'These so-called 'OpenAI tokens' are not OpenAI equity.' We have not partnered with Robinhood, have never participated in any related programs, and do not endorse them. Any transfer of OpenAI equity must be approved by our company—we have never approved any transfers. Please proceed with caution. These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer.

Robinhood's launch of 'equity tokens' sparks controversy! OpenAI: Unauthorized transfers, not real equity

AI giant OpenAI issued a stern statement earlier, publicly condemning Robinhood for unilaterally launching 'OpenAI equity tokens' and emphasizing that the related tokens have no connection to OpenAI.

OpenAI stated on social platform X earlier today: 'These so-called 'OpenAI tokens' are not OpenAI equity.'

We have not partnered with Robinhood, have never participated in any related programs, and do not endorse them. Any transfer of OpenAI equity must be approved by our company—we have never approved any transfers. Please proceed with caution.

These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer.
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The US SEC halted the Grayscale Digital Large Cap Fund’s transformation into an ETF after only one day of approvalGrayscale Digital Large Cap Fund was approved on Tuesday to be officially converted into an ETF and listed for trading, but it was forced to put the brakes on the next day. The U.S. Securities and Exchange Commission (SEC) sent a letter to the New York Stock Exchange (NYSE) on Wednesday, announcing that it would suspend the listing process of the fund and initiate a review, which caused a shock in the market. According to the letter, U.S. SEC Deputy Secretary J. Matthew DeLesDernier pointed out that although the Commission's "Division of Trading and Markets" approved the conversion of the "Grayscale Digital Large Cap Fund" into an ETF on July 1, this order will be "suspended" from now on (Rule 431 (e)) until the SEC makes further resolution.

The US SEC halted the Grayscale Digital Large Cap Fund’s transformation into an ETF after only one day of approval

Grayscale Digital Large Cap Fund was approved on Tuesday to be officially converted into an ETF and listed for trading, but it was forced to put the brakes on the next day. The U.S. Securities and Exchange Commission (SEC) sent a letter to the New York Stock Exchange (NYSE) on Wednesday, announcing that it would suspend the listing process of the fund and initiate a review, which caused a shock in the market.

According to the letter, U.S. SEC Deputy Secretary J. Matthew DeLesDernier pointed out that although the Commission's "Division of Trading and Markets" approved the conversion of the "Grayscale Digital Large Cap Fund" into an ETF on July 1, this order will be "suspended" from now on (Rule 431 (e)) until the SEC makes further resolution.
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World Liberty Financial becomes a cash cow! The Trump family makes $620 million from the cryptocurrency sectorAccording to the latest data from the Bloomberg Billionaires Index, the Trump family has accumulated approximately $620 million through cryptocurrency-related ventures. Although Trump's personal net worth remains at $6.4 billion, which is not much different from before, the cryptocurrency business has become an important part of the Trump family's wealth portfolio. Previous reports have indicated that Trump has raised over $600 million through cryptocurrency, golf clubs, brand licensing, and various businesses, but this is the first systematic inventory of the Trump family's diverse investments in the cryptocurrency industry, including their own NFT collectibles series, the DeFi project World Liberty Financial, and the controversial official meme coin $TRUMP.

World Liberty Financial becomes a cash cow! The Trump family makes $620 million from the cryptocurrency sector

According to the latest data from the Bloomberg Billionaires Index, the Trump family has accumulated approximately $620 million through cryptocurrency-related ventures. Although Trump's personal net worth remains at $6.4 billion, which is not much different from before, the cryptocurrency business has become an important part of the Trump family's wealth portfolio.

Previous reports have indicated that Trump has raised over $600 million through cryptocurrency, golf clubs, brand licensing, and various businesses, but this is the first systematic inventory of the Trump family's diverse investments in the cryptocurrency industry, including their own NFT collectibles series, the DeFi project World Liberty Financial, and the controversial official meme coin $TRUMP.
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"Three major positive factors" come together, Bitcoin will double in the second half of the year! Standard Chartered says: BTC will soar to $200,000 by the end of the yearStandard Chartered Bank said in its latest outlook report that Bitcoin (BTC) is expected to usher in its most vigorous second-half rally in history, driven by "triple positive factors". It is expected that Bitcoin will rise to $135,000 by the end of the third quarter and challenge the $200,000 mark by the end of the year, nearly doubling its current market price of about $108,000. Geoffrey Kendrick, head of global digital asset research at Standard Chartered, emphasized that this wave of market is no longer the old script of the "halving cycle" in the past, but a brand new pattern shaped by three core driving forces: ETF hot money, corporate buying, and US policy shift.

"Three major positive factors" come together, Bitcoin will double in the second half of the year! Standard Chartered says: BTC will soar to $200,000 by the end of the year

Standard Chartered Bank said in its latest outlook report that Bitcoin (BTC) is expected to usher in its most vigorous second-half rally in history, driven by "triple positive factors". It is expected that Bitcoin will rise to $135,000 by the end of the third quarter and challenge the $200,000 mark by the end of the year, nearly doubling its current market price of about $108,000.

Geoffrey Kendrick, head of global digital asset research at Standard Chartered, emphasized that this wave of market is no longer the old script of the "halving cycle" in the past, but a brand new pattern shaped by three core driving forces: ETF hot money, corporate buying, and US policy shift.
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XRP surged over 3%! Ripple applies for U.S. trust bank charter, Fed master accountAccording to reports from The Wall Street Journal, blockchain payment leader Ripple has officially submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, Ripple would become a federally recognized financial institution operating across state lines. Following the news, XRP saw an increase of over 3%. In addition to operating its own blockchain XRP Ledger, Ripple has also issued the stablecoin RLUSD, which has a market value of $440 million and is regulated by the New York State Department of Financial Services (NYDFS). At the same time, Ripple also provides digital asset custody services. If this application is approved, Ripple will be able to expand its range of cryptocurrency services and operate across state lines under federal regulation.

XRP surged over 3%! Ripple applies for U.S. trust bank charter, Fed master account

According to reports from The Wall Street Journal, blockchain payment leader Ripple has officially submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, Ripple would become a federally recognized financial institution operating across state lines. Following the news, XRP saw an increase of over 3%.

In addition to operating its own blockchain XRP Ledger, Ripple has also issued the stablecoin RLUSD, which has a market value of $440 million and is regulated by the New York State Department of Financial Services (NYDFS). At the same time, Ripple also provides digital asset custody services. If this application is approved, Ripple will be able to expand its range of cryptocurrency services and operate across state lines under federal regulation.
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